RISC V, procurement

How Open Source Hardware Empowers Procurement

The advent of processors based the RISC-V Instruction Set Architecture (ISA) is not just exciting for engineers and designers—open source hardware benefits procurement, experts said. “Open source does two things for you: it rationalizes price and motivates adoption and investment,” explained Keith Witek, senior vice president, Corporate Development, Strategy, and General Counsel at SiFive, a…

Can High-Tech Solve its own Counterfeit Electronics Problem?

The electronics industry has developed some of the most ground-breaking technologies in human history. Yet, the best minds in high-tech have been unable to overcome one of the industry’s most insidious challenges: counterfeit electronics. To some extent, technology advancements have only added to the problem: electronic components can now be cloned so well that they…

Global Online Marketplace Features New & Used Chip Equipment & Parts

In the highly competitive, fast-moving semiconductor manufacturing industry, strategic procurement is essential. When sourcing new and used chip equipment and parts, multiple factors must be considered, including reliability, ability to meet shipping dates, volume and price. The “best” supplier could be a major well-known name or a new provider that you haven’t purchased from yet.…

Group Purchasing Gives Buying Power to SMBs

Anyone who is in procurement knows that high-volume purchases mean discounts and oftentimes, leverage. Most small businesses don’t have the need – or the pocketbook – to achieve either. However, when small businesses combine their resources for group purchasing, their negotiating position is significantly strengthened. UNA, launched in 2012, is one of several group purchasing organizations…

Deloitte - chief procurement officer survey

Procurement’s Biggest Priorities: Cost, Risk, & New Product Development

Cost reduction, new products/market development, and managing risks continue to be the biggest priorities for procurement leaders, according to Deloitte’s global chief procurement officer (CPO) 2018 report. These leaders also are working to better align procurement and business priorities to deliver value by focusing on strategies such as consolidating spend, reducing total life cycle/ownership costs…

Arrow Electronics: A Necessary Evolution in a Perilous Market

Arrow Electronics Inc. is knee-deep in the most consequential evolution in its history, one that has the potential to result in a complete transformation of its business and heavily impact the entire electronics value chain by forcing a reshaping of the design, engineering, new product introduction, procurement and the entire supply chain. Once finished, the…